Parliament To Debate On Reintroduction of Progressive Personal Income Tax

Finance | November 19, 2014, Wednesday // 11:18|  views

Bulgaria's Parliament will discuss at first reading on Wednesday draft amendments to personal income tax law and the reintroduction of progressive tax.

The two different draft amendments – tabled by the Bulgarian Socialist Party (BSP) and the left-wing nationalists Ataka - were overruled last week by the interim parliamentary budget and finances committee.

The Movement for Rights and Freedoms (DPS) will support the government for keeping the flat 10% tax rate on all incomes, said the DPS MP Yordan Tsonev in an interview for the BNT public broadcaster.

The flat rate was introduced in Bulgaria in 2008 by the then BSP government led by Sergei Stanishev.

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Tags: flat tax, progressive tax, personal income, rate


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